Mutual Fund Taxation News

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Indian banks to gain $36 billion in deposits

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5 Apr 2023
Videos

Indian banks to gain $36 billion in deposits as funds get taxed | Mint Primer | Mint

The decision made by India to begin taxing returns from fixed-income mutual funds is expected to strengthen the country's lenders' efforts to attract deposits. This will help in financing a revival in the country's credit growth and increase profits. The nation scrapping tax incentives for some debt mutual funds has paved the way for banks to garner as much as $36 billion in deposits from the asset managers, according to Sunil Mehta, chief executive officer of Indian Banks’ Association, a lenders’ lobbying body. The move comes as a respite for the financiers as the widening gap between credit off-take and deposits has sparked risks of asset-liability mismatches and pushed up funding costs.

5 Apr 2023
Money

Don’t invest in the names of multiple family members to avoid paying income tax

Many investors have the propensity to take lengthy, and often complicated, routes to avoid paying taxes

2 min read18 Oct 2018
Mutual Funds

Mutual fund taxation rules – How gains, dividends are taxed in 10 points

The capital gains tax on mutual fund returns depend on which type of fund it is equity or debt. Similarly, the tax on dividend from mutual funds also depend on fund type.

2 min read17 Sep 2018
Money

Mutual fund scheme mergers won’t put extra tax burden on investors

A recent budgetary announcement (in 2017) clarified that scheme mergers will not place any additional burden on the investor in terms of taxation

2 min read28 Jun 2018

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